If you’ve outgrown your current accounts system or are looking to move on from spreadsheets, replacing your finance software isn’t as hard as you may first think.
Cost effective, efficient and easily implemented, this guide will help you understand the benefits of an Enterprise Resource Planning (ERP) solution, demonstrate the advantages of a cloud based system, and provide you with the questions you need to ask when evaluating your options.
As the pace of life gets faster and we find ourselves always “on”, whether that’s shopping online, scrolling through social media or using streaming services via multiple devices, your customer needs and expectations evolve. This can leave your finance and business management systems behind the times, and unable to keep up with demand.
Microsoft research shows that “More than 90% of consumers said they would consider taking their business elsewhere rather than work with a company that uses outdated technology.” (Source: Microsoft-commissioned research among 1,405 consumers, 2013.)
This means that in order to manage increasing demand a modern platform is needed to connect your business to your customer. To do this an ERP solution can:
With Microsoft Dynamics and the Cloud, you can create efficiency across your business processes which in turn helps the organisation leaders make informed decisions, allowing for growth.
Information silos, disconnected systems and manual processes hinder your ability to deliver the service and experience your customers expect, and ultimately put your business at risk. But what solution should you be using, and will it fulfil your needs today as well as tomorrow? Will it be able to meet your goals and/or exceed your expectation for the future?
At some point you will need to consider replacing your finance software.
As your business grows in size and complexity and customers expect better and faster service, the tools that once supported you may no longer do so. For many organisations, deciding to overhaul your finance software or business management systems is a big deal.
However, what may seem like a daunting and difficult task could be the light at the end of the tunnel for your business. Ask yourself what the real cost is of trying to maintain a system that can no longer sustain the demand on your business? Can you continue as you are to maintain the status quo, yet still achieve the growth you desire?
Whether the result is lost sales, customer dissatisfaction, or compliance risks… failing to update your technology can be a costly decision.
Therefore, if you recognise any of the following warning signs, the time has come to make a change:
There has never been a better time for an organisation to update their systems, as the Cloud offering has opened up so many opportunities for companies of all shapes and sizes. It is now affordable to expand your capabilities, create greater efficiency and mobility, as well as being prepared for changing business conditions – by using Azure private Cloud, for example.
But with so many technology vendors competing for your attention and subsequent business, it’s tricky working out which solution is the best fit for you.
However, here are some key characteristics to look out for. Differentiators you should be asking for include:
One solution to manage financials, sales, services, and operations, with the ability to connect applications like payroll, banking apps, CRM systems or custom APIs.
Connecting your entire business
Automatically pulls systems and processes together so your people don’t have to.
Automates and secures business processes. Improves productivity and gets more done with easy-to-create workflows, PowerApps, audit trails and enterprise-level security (features that basic accounting software can’t provide).
Providing an end-to-end view of your business
Centralise your data from accounting, sales and purchasing, inventory and customer interactions to get an accurate end-to-end view of your business. All data stays up-to-date so you can spot trends, prevent issues, and deliver great customer experiences
Empowers a mobile workforce by delivering the same experience across devices, regardless of users’ location.
Now you know you need a new solution, what questions should you be asking your potential partner? Helping you evaluate each vendor you meet with, here are a few questions you should consider asking:
Business Central (BC) is a business management solution that’s connecting people and processes like never before. From day one, BC makes ordering, selling, invoicing and reporting quicker and easier.
Turning your multiple disconnected systems into one, you can boost efficiency with integration with familiar Office tools like Outlook (Word and Excel).
Only Microsoft delivers a connected technology platform bringing together business applications with tools for productivity, communication and collaboration.
Microsoft business solutions deliver insight across your devices, as well as helping you:
Connect your business
Make better business decisions
Start and grow easily
Working locally to help you with your implementation and offer ongoing support when needed, get in touch with TVision to find out how we and Microsoft Dynamics can help you.
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